Dong Energy puts numbers on its wider renewable energy ambitions  

2007.12.07
The Danish Energy company is making significant moves to shift the balance of its portfolio from fossil fuels towards renewables, with investments which could total DKK 15 bn by 2010
As reported by this website on Wednesday, the partly state-owned Danish energy company Dong Energy is investing over DKK 5 bn (USD 1 bn) in two new British offshore wind farms. The decision means that Dong Energy now has a total of four ongoing offshore wind farm projects, collectively priced at more than DKK 10 bn (USD 2 bn).
 
Dong Energy's CEO Anders Eldrup confirms that the sizeable current investment in renewables is intended to shift the balance of the concern's energy portfolio so that it is less geared to fossil fuels. The four new wind farms will collectively increase Dong Energy's renewable energy capacity 60% by 2010. But the concern's ambitions don't stop there.
 
"The four projects, worth a good 10 billion kroner, are those we have made a decision on up to now," Eldrup told national daily newspaper Jyllands-Posten. "But projects like these have a long timeframe, so we have a substantial pipeline of projects on which we expect to make some decisions by 2010, which will make the total investment around 15 billion kroner. That is what we are setting our sights on."
 
Although Dong Energy's current wind farm projects are all located in the marine environment, it should not be construed that dry land is without attractions. Far from it, according to Anders Eldrup, who points out that as recently as September a 30 MW wind farm in Poland was completed, and that other Polish projects are on the drawing board.
 
Dong Energy was founded in 2006 as the result of a merger of six Danish energy companies -  Dong, Elsam, Energi E2, Nesa, Copenhagen Energy’s power activities and Frederiksberg Forsyning.  Dong Energy employs approx 4,500 people and generates revenues of DKK 36 bn (USD 7.1 bn).
 
Link > Dong Energy   

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